Market Leadership - 8k Technology Market

By Author: Steve Stark
Total Articles: 138
Comment this article

The 8K technology market is projected to reach USD 26.8 billion by 2024 from USD 2.9 billion in 2019 growing at a CAGR of 55.5%.

The growth of the 8K technology market is driven by the features it offers such as enhanced picture quality, high-quality photography and videography, and other factors such as increased demand for larger-sized TVs with higher resolution; advancements in display technology, financial assistance by governments, and expansion of production capabilities for 8K UHD display panels; and availability of various products for the creation and delivery of 8K content.

https://www.marketsandmarkets.com/Market-Reports/8k-technology-market-246430968.html

8K broadcast in sports and entertainment; proliferation of 5G and increasing on-demand content; growth potential in digital signage space; and strong demand for 8K technology from several APAC countries are likely to create opportunities for 8K product manufacturers in the near future.

Key strategies implemented by major players include product launches and developments, partnerships and collaborations, and acquisitions. Samsung Electronics ...
... (South Korea), LG Electronics (South Korea), Sony (Japan), and Sharp (Foxconn) (Japan) are among a few prominent players who adopted the strategy of product launches and developments. For instance, in January 2019, Samsung Electronics showcased a 98-inch QLED 8K TV at CES 2019. It has a resolution of 7680Hx4320, high light output, and full-array local dimming.

Samsung’s vision is to explore new markets and gain more customers by introducing innovative technologies. The company has a broad product portfolio that includes smartphones, tablets, laptops, LCD and QLED TVs, and cameras that can be very well integrated with the 8K technology in the coming years. Product development and acquisitions are the key strategies adopted by Samsung. In December 2018, Samsung unveiled the largest onyx cinema LED screen in the world at Beijing Capital Cinema. It featured 4K resolution, HDR picture quality, and peak brightness level of 88fL—nearly 6 times greater than standard projector technologies.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=246430968

LG has been instrumental in introducing the latest trends and technologies in consumer electronics. The company launched several 3D, UHD, and OLED TVs. LG believes in remaining up-to-date with the latest technology; hence, it introduced 8K TVs and is committed to lead the ultra-premium market with its 8K OLED TV technology. The company invests a significant portion of its revenue in R&D activities, which has helped it to maintain its leading position in the market. LG is one of the leading providers of electronic appliances, with strong global presence and a wide customer base particularly in Korea. In August 2018, LG introduced the world’s first 8K OLED TV at IFA 2018, featuring over 33 million self-emitting pixels.

Sony is engaged in the development and production of various kinds of electronic equipment, instruments, and devices for consumers, professionals, and industrial markets such as network services, hardware and software for gaming platforms, televisions, audio and video recorders and players, still and video cameras, mobile phones, and semiconductors. It focuses on product launches and developments to strengthen its product portfolio. In the recent past, the company launched its 8K TV at CES 2019. Sony claims that it has come up with a proprietary algorithm for upscaling 4K content to near-8K quality. Its system uses an 8K database for even more precise, detailed upscaling.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441